Robinhood’s interest revenue surged last quarter – but crypto transaction revenue continued to decline.
Stock and crypto investing app Robinhood reported $441 million in net revenue in Q1 2023, up 16% from the previous quarter.
This included a 7% increase in options revenue to $133 million, and a 29% increase in equities revenue to $27 million. On the other hand, crypto revenue declined by 1% to $38 million.
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